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EBITDA exceeds previous year’s level
Despite the burdens of the coronavirus pandemic, the specialty chemicals group ALTANA recorded only a slight decline in sales in the 2020 fiscal year and was able to increase EBITDA in a year to year comparison. Sales reached 2,178 million euros, just 3 percent below the 2019 level. Adjusted for ...
As already reported, Wacker Chemie AG’s total sales for 2020 did not quite match the prior-year level due to the effects of the coronavirus pandemic. On presenting its annual report, the Munich-based chemical company announced that Group sales came in at €4.69 billion in 2020 (2019: €4.93 ...
Earnings expected to be between EUR 900 million and EUR 1 billion
LANXESS is starting the new fiscal year 2021 with confidence: The specialty chemicals company expects that many of its customer industries will recover and therefore anticipates EBITDA pre exceptionals of between EUR 900 million and EUR 1 billion for the full year. LANXESS proved robust in fiscal ...
Brenntag reports very good results for the year 2020 despite extraordinary economic conditions due to the global COVID-19 pandemic. The company implemented a global crisis management and managed to maintain supply chains uninterrupted throughout the year. In addition, Brenntag initiated a ...
Merck had a successful fiscal 2020, a year that was marked by the Covid-19 pandemic. The company increased its sales, expanded its EBITDA pre margin and met all the financial targets it had set for itself. The key drivers were the business with products and services for pharmaceutical ...
Evonik has achieved the financial targets it set itself in May 2020. Production and logistics have been secured worldwide and all measures to protect the workforce have been consistently implemented. For 2021 the company is back on course for growth. "We passed the pandemic endurance test," said ...
Bonus for employees as a sign of recognition and appreciation
“In a challenging 2020 business year, BASF was able to close out the year on a strong note,” said BASF’s Chairman of the Board of Executive Directors, Dr.Martin Brudermüller, at the presentation of the BASF Report 2020. Income from operations (EBIT) before special items for the full year 2020 ...
Foundation laid for future growth
The Bayer Group delivered robust operational performance in 2020. “Our operational strength in these turbulent times shows just how resilient our businesses are, even during the pandemic,” said Werner Baumann, Chairman of the Board of Management, on Thursday during the company’s Financial News ...
Group management raises sales target for 2025 to about 5 billion euros
Sartorius recorded high growth according to preliminary figures in 2020 due to strong organic development, several acquisitions and the additional momentum from business related to the coronavirus pandemic. The Group closed the year with significant double-digit growth rates in sales revenue, ...
Laboratory SaaS provider Labforward closes Series-B
Labforward has closed a new financing round. The laboratory equipment manufacturers Tecan and 2mag as well as existing investor Peppermint Venture Partners are investing more than € 5 million in the laboratory software company with headquarters in Berlin. Laboratories face the challenge of having ...